Nene asked to resign in phone call to Ramaphosa

News24 has independently obtained confirmation that Finance Minister Nhlanhla Nene has asked President Cyril Ramaphosa to relieve him of his duties.

This on the back of his appearance before the commission of inquiry into state capture last week, during which he confirmed visiting the Gupta family on numerous occasions between 2009 and 2014.

It's understood the minister offered to resign during a phone call to the president.

Business Day on Monday reported that Nene had asked Ramaphosa to relieve him of his duties following public pressure over his testimony last week.

A senior government official told News24 the reports were true and that the conversation took place telephonically, but refused to divulge any further information and instead directed questions to the Presidency and Nene.

The finance minister apologised on Friday for his visits to the Gupta family, who are placed at the centre of the state capture allegations. The Guptas have been accused of having improper influence over former president Jacob Zuma and his executive, as well as control of operations at state owned enterprises, which they used to loot billions of rand from South African taxpayers.

READ: I'm sorry, I was wrong in meeting the Guptas – Nene

Political parties have rejected Nene's apology. The EFF, which called the finance minister a "horror story", said it would only accept his apology if he resigned.

Weekend reports indicated that Nene's future as finance minister was on shaky ground following his admission to the meetings, with some claiming Gauteng finance MEC Barbara Creecy could be his replacement.

READ: Nene said to face pressure to quit

Ramaphosa's spokesperson Khusela Diko told News24 there was no official comment on the reports yet, while calls to Nene went unanswered.

ANALYSIS: Nene's 10 contacts with the Guptas, mapped and annotated

Other senior government officials who spoke to News24 on Monday said that Nene's decision "was in keeping with his character" and that "it is probably the right thing to do".

There are fears however that a new finance minister, three weeks before the tabling of the Medium Term Budget Policy Statement - the so-called mini-budget - could lead to more political turbulence.

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Voting Booth
The ANC's leadership race is heating up. Who do you think will be elected party president at Nasrec in December?
Please select an option Oops! Something went wrong, please try again later.
Results
Nkosazana Dlamini-Zuma has got it in the bag
7% - 720 votes
I foresee a second term for Cyril Ramaphosa
83% - 8481 votes
Don’t discount a Zweli Mkhize win
10% - 1013 votes
Vote
Rand - Dollar
17.77
-0.8%
Rand - Pound
20.13
+0.5%
Rand - Euro
17.57
+0.2%
Rand - Aus dollar
11.55
-0.7%
Rand - Yen
0.12
-0.4%
Gold
1,715.78
-0.6%
Silver
20.66
-1.9%
Palladium
2,260.50
-2.7%
Platinum
921.00
-1.3%
Brent Crude
91.80
+3.2%
Top 40
59,202
-1.1%
All Share
65,613
-1.1%
Resource 10
63,687
-1.4%
Industrial 25
79,239
-1.1%
Financial 15
13,961
-0.7%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE